600 Green Lane in Union Township — Courtesy: The STRO Cos.
By Joshua Burd
The STRO Cos. has refinanced warehouses in Morris and Union counties for a combined $22 million, the Ridgewood-based firm announced Tuesday.
The larger of the two, 510 Ryerson Road in Lincoln Park, is a 148,000-square-foot facility with 24-foot clear ceiling heights, 22 loading docks and one drive-in, STRO said. The property provides quick access to interstates 287 and 80, serving as a potential last-mile distribution facility for tenants.
The second property, 600 Green Lane in Union Township, spans 88,000 square feet and is a single-tenant freezer and cooler facility with 14 loading docks and one drive-in. The property provides easy access to the Port Newark-Elizabeth submarket, Newark Liberty International Airport and interstates 95 and 78.
Capital One provided both loans.